Member Article

St Katharine Docks could soon have a new owner after hitting the market for £435m

Private equity behemoth Blackstone has brought central London’s only marina to the market after it began touting the tech and leisure hub to potential buyers for £435m.

St Katharine Docks, which the private equity giant acquired in 2014 as part of its £448m acquisition of Max Property Group, had recently undergone a repositioning to attract more businesses to its office portion along with new food operators.

Perhaps the most high-profile new tenant in recent years has been Passion Capital-backed Smarkets, which moved into a 10,000 sq ft space at the development back in 2015, alongside other tech and creative businesses.

The area now boasts over 80 companies supporting a 6,000-strong workforce across a range of sectors and specialisms.

According to the Standard, CBRE’s Franco Sidoli is believed to be handling the deal, which could be one of the biggest in London this year.